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Rich get richer from fewer labor unions
A study by the International Monetary Fund tracked three decades of income and found that as unionization declined, the wealth of the richest 10 percent in advanced countries showed a continuous increase.
More specifically, the study’s authors found that when researching income levels during the period of 1980-2010, the decline in unionization explained about half of the rise in incomes for the...
Nigerians Launch Nationwide Strike
Nigerian lawyers carry a banner and placards as they march on the streets to protest against soaring fuel prices, Lagos, Nigeria, January 5, 2012.
Nigerians have begun a nationwide walkout over the removal of fuel subsidies in Africa’s largest oil-producing nation with labor unions set to join the strike.
The strike follows union objections to a government decision to cut fuel subsidies, which...